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67 S Bedford St, Burlington...

Updated Oct 29, 2024

Joint Venture Of Anchor Health Properties Acquires Property In Burlington With Newmark As Seller's Rep
SOLDMedical Office

Joint Venture Of Anchor Health Properties Acquires Property In Burlington With Newmark As Seller's Rep

67 S Bedford St, Burlington, MA, 01803

Building Size

Asset Type

Medical Office

Closing

Jun 18, 2018

About this deal

AI

67 South Bedford Street is a Class A medical/office building located in Burlington, Massachusetts. The property is anchored by Lahey Hospital & Medical Center, situated adjacent to a 317-bed flagship hospital. It features substantial frontage along Interstate 95/Route 128 and has recently undergone extensive common area and exterior upgrades to enhance the tenant experience.

Summary of transaction details:

  • Property Type: Class A Medical/Office Building
  • Transaction Amount: Not Disclosed
  • Address: 67 S Bedford St, Burlington, MA, 01803
  • Market: Burlington
  • Seller's Representative: Matthew (Matt) Pullen, Edward Maher (Newmark)
  • Buyer: A Joint Venture of Anchor Health Properties
  • Seller: The Davis Companies
  • SF: 0

NKF Capital Markets, led by Vice Chairman Edward Maher and Executive Managing Director Matthew Pullen, managed the transaction on behalf of The Davis Companies. The team included Managing Director Michael Greeley, Director James Tribble, and Associate Director Samantha Hallowell from the Boston office, operating under Co-Head of U.S. Capital Markets Robert Griffin.

Players

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
Anchor Health Properties
Anchor Health PropertiesBuyer

Burlington Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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